German Unemployment Fell to a Record Low

Germany’s seasonally-adjusted unemployment rate fell to a record low of 6.7 percent in March, despite the ongoing debt crisis in euro zone and the weak economic growth in the country. The unemployment rate in February was 6.8 percent.

In March, seasonally-adjusted unemployment numbers fell by 18,000, following a drop of 3,000 in February.

According to the report from the German Federal Labor Agency, the unemployment rate of 6.7 percent is the lowest since comparable records began in 1998.

Germany’s economy contracted by 0.2% in the fourth quarter of 2011, and in the first quarter of 2012 the country’s growth is likely to have moved sideways, according to the report from the Bundesbank.

Source: Wall Street Journal

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Kenny Fisher

Kenny Fisher

Market Analyst at OANDA
A highly experienced financial market analyst with a focus on fundamental and macroeconomic analysis, Kenny Fisher’s daily commentary covers a broad range of markets including forex, equities and commodities. His work has been published in major online financial publications including Investing.com, Seeking Alpha and FXStreet. Kenny has been a MarketPulse contributor since 2012.
Kenny Fisher

Latest posts by Kenny Fisher (see all)